(14 FEBRUARY 2019)GBP/USD:Key resistance at 1.2885.

Pivot (invalidation): 1.2885

Our preference

Short positions below 1.2885 with targets at 1.2840 & 1.2810 in extension.

Alternative scenario

Above 1.2885 look for further upside with 1.2905 & 1.2925 as targets.

Comment

As Long as the resistance at 1.2885 is not surpassed, the risk of the break below 1.2840

remains high. 

(By Swissquote TRADING CENTRAL)